The Ruia Group has acquired Germany based automotive fasteners manufacturer
Acument GmH & Co KG.
The Group has taken over the automotive fasteners company from Acument Global
Technologies Inc for an undisclosed amount incorporating a new company, Ruia
Global Fasteners AG. The deal will be financed from internal accruals and
three years' sellers' credit.
It has acquired four plants in Neuss, Beckingen, Neuwied and Schorzberg and a
logistics centre in Koln of Acument Germany, which had gone into insolvency in
August 2009.